7743 Tent Rock Pt, Colorado Springs, CO 80924
3 beds · 3 baths · 2,027 sqft
Welcome home to this "like new" beautiful Challenger Sydney model home in Skyline Ridge! This home features many upgrades including quartz counter tops in kitchen, easy to care for laminate flooring throughout the main level, stainless appliances, subway tile, central air and so much more!! On the main level you will enjoy an open concept with family room and kitchen, complete with an island, and a separate dining room featuring windows on 3 walls, allowing natural light to fill the home with warmth. From the Dining room, the slider door allows entry to the cozy, covered patio complete with turf to allow kids and pets to frolic in a fenced in private backyard! Upstairs features a large loft perfect for an office, play area or gym! In addition, there is a lovely primary bedroom with a standalone shower, walk-in closet and double vanity in the bathroom. There are two more bedrooms and a full bath upstairs, as well. The laundry room is conveniently located on the main level next to the powder room. Check out this amazing home! Let's make it your new home!
Source: RECO #7099071
Financials
Source: RECO #7099071
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
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